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Methane, Kyoto Protocol, Carbon dioxide, Carbon finance, Greenhouse gas, Coal

EU Ombudsman launches investigation into financing of Europe’s largest fossil fuels project

On Dec 17, 2020
@foeeurope shared
After we complained, the @EUombudsman is investigating the @EIB - for having dangerously downplayed the threat to #climatecrisis when it approved loans to Europe’s largest #fossilfuel project #TANAP https://t.co/TyoHW47qxk with @ceebankwatch @Counter_Balance @Recommon
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The European Investment Bank (EIB) has dangerously downplayed the contribution of the controversial Southern Gas Corridor to the unfolding climate crisis, according to a complaint that prompted the European Ombudsman to open a formal inquiry.

bankwatch.org
On Dec 17, 2020
@foeeurope shared
After we complained, the @EUombudsman is investigating the @EIB - for having dangerously downplayed the threat to #climatecrisis when it approved loans to Europe’s largest #fossilfuel project #TANAP https://t.co/TyoHW47qxk with @ceebankwatch @Counter_Balance @Recommon
Open

EU Ombudsman launches investigation into financing of Europe’s largest fossil fuels project

EU Ombudsman launches investigation into financing of Europe’s largest fossil fuels project

The European Investment Bank (EIB) has dangerously downplayed the contribution of the controversial Southern Gas Corridor to the unfolding climate crisis, according to a complaint that ...

EU Ombudsman points to EC climate process failures for PCI gas projects

EU Ombudsman points to EC climate process failures for PCI gas projects

The EU Ombudsman which investigates complaints about poor administration by EU institutions has concluded that the sustainability of gas projects included on the European Commission's list ...

The EU is ignoring AI’s effect on the climate crisis

The EU is ignoring AI’s effect on the climate crisis

The relationship between climate change and Artificial Intelligence is one of the biggest blindspots in the European Commission ‘leaked’ white paper on AI, writes Fieke Jansen.

The Rise of Greenwashing

The Rise of Greenwashing

We investigate the rising culture of greenwashing amongst Irish brands who are using PR to appear "green" while increase their profits

What Would A ‘Divest Global Shipping’ Campaign Look Like To Save Our Ocean?

What Would A ‘Divest Global Shipping’ Campaign Look Like To Save Our Ocean?

Global shipping has been failing the planet - both the ocean and half a million seafarers stuck on ships around the world. The global finance industry is culpable for allowing global ...

How COVID-19 Could Impact the Climate Crisis

How COVID-19 Could Impact the Climate Crisis

Satellite images showing dramatic drops in air pollution in coronavirus hotspots around the globe have circulated widely on social media, offering a silver lining to an otherwise very dark ...

How Trump's NEPA overhaul could affect 3 projects

How Trump's NEPA overhaul could affect 3 projects

President Trump's proposed changes to the National Environmental Policy Act open the door for more cursory reviews of planned projects like power plants, pipelines, and visitor centers at ...

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Click here to read the article

It seeks to ensure that this transition is socially fair – not leaving any EU citizens or regions behind – and enhances the competitiveness of EU economy and industry on global markets, ...

At Climate Week, America’s Cascading Disasters Dominate

At Climate Week, America’s Cascading Disasters Dominate

This year’s events come amid a climate reckoning in the world’s richest country. Here are the takeaways.

Boris Johnson’s climate plan is not ambitious enough to reach UK’s net-zero target

Boris Johnson’s climate plan is not ambitious enough to reach UK’s net-zero target

The 10-point plan is “not ambitious enough to reach the government’s near-term climate goals, or its target of net-zero emissions by 2050”, the Independent reports.

The Paris Agreement Five Years On: It’s time to realize a just transition away from fossil fuels

The Paris Agreement Five Years On: It’s time to realize a just transition away from fossil fuels

After the Paris Agreement's conspicuous silence on fossil fuels, what steps can be taken to finally ensure a global movement away from oil, gas and coal?

Trump criticises ‘prophets of doom’ in Davos and touts fossil fuels

Trump criticises ‘prophets of doom’ in Davos and touts fossil fuels

Trump, Thunberg set out radically different visions for the economy and climate in the 21st century

Al Gore Speaks Out About US Climate Challenges & Opportunities

Al Gore Speaks Out About US Climate Challenges & Opportunities

The former US vice president and climate activist outlines both hope and trepidation around the new US administration's climate policy potential.

Hungry for change: Ivy League climate activists urge divestment

Hungry for change: Ivy League climate activists urge divestment

In global hunger strike, Columbia University students are fasting until Friday to force school to go carbon neutral.

Page 1.EIB energy lending 2013-2017, EUR billion, share in total

Page 1.EIB energy lending 2013-2017, EUR billion, share in total

The review of Energy Lending Criteria gives the bank the opportunity to align its energy financing with the Paris Agreement and catch up with the rapid developments in the clean energy ...

Climate change report card: These countries are reaching targets

Climate change report card: These countries are reaching targets

In the lead-up to the UN's climate change conference on Monday, we take a look at which nations are on track to meet climate goals and which are tanking.